City streets, sewage systems, and police protection are all examples of:
a. public goods.
b. private goods.
c. exclusive goods.
d. rival goods.
e. consumer goods.
a
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How do government policies that enforce property rights affect economic growth?
What will be an ideal response?
Wealth creating transactions are more likely to occur
a. With private property rights b. With contract enforcement c. Both a and b d. None of the above
The phenomenon that unusual events are likely to be followed by more nearly normal is known as:
A. regression to the mean. B. anchoring and adjustment. C. fungibility. D. the adaptive rationality standard.
The direct effect of expansionary monetary policy is to:
A. reduce U.S. imports but increase the value of the dollar. B. increase both U.S. imports and the value of the dollar. C. reduce both U.S. imports and the value of the dollar. D. increase U.S. imports but reduce the value of the dollar.